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Is the bank responsible for the accuracy and therefore required to review the seller’s CD that is prepared by the closing attorney, or are we only responsible for the accuracy of the borrower’s closing disclosure? The regulation indicates that the settlement agent is responsible for it, however 1026.19(f)(v) is clear that the creditor is responsible for the settlement agent’s work. Does 1026.19(f)(v) only apply to the work done on the borrower’s side and not apply to the seller CD?
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